14% EPS Growth and 40-Basis Point Operating Margin Expansion
July 27, 2017
MIAMI, Fla. — Watsco, Inc. (NYSE: WSO) reported record results for the second quarter and six months ended June 30, 2017. The results reflect continued investment in a variety of technologies to revolutionize Watsco’s customer-experience, create a data-driven culture, to empower more insightful decision-making and enhance productivity and operational efficiency.
Johnson Controls celebrated the grand opening of its newest Source 1 HVAC Supply Center in Fort Smith, Arkansas, on April 11. Source 1 is the exclusive supplier of factory authorized service parts and residential accessories for all Johnson Controls Unitary Products residential and light commercial HVAC equipment. The company also offers a variety of universal HVAC parts, supplies and accessories from many manufacturers.
Trane®, a global provider of indoor comfort solutions and a brand of Ingersoll Rand, introduced a XR16 low-profile side discharge air conditioning unit for split ducted systems. This unit features a side discharge, making it ideal for difficult-to-install applications or in tight space requirements where vertical discharge units prove less than optimal.
ALPHARETTA, Ga. — LG Electronics USA Air Conditioning Technologies has extended its limited liability warranty program to 10 year parts and 10 year compressor warranty on qualified systems, including the company’s variable refrigerant flow (VRF) systems and residential/light commercial single and multi-zone split product lines.
SUWANEE, Ga. — Mitsubishi Electric US, Inc. Cooling & Heating Division a manufacturer, of Zoned Comfort Solutions™ and Variable Refrigerant Flow (VRF) cooling and heating systems, promoted Steve O’Brien to senior vice president of sales, marketing and supply chain management.
This water- and vapor-proof LED light has a -29 °F to 104 °F operating temperature range. It carries UL and CSA certification, USCG acceptance, UL 1570/1571 approval for wet locations in any orientation, approved for marine environments, and NEMA 4X compliance for hose-down areas.
Ruskin®, a manufacturer of air control solutions, has introduced the EME720 seven-inch horizontal louver. It features 56 percent free area and combines a continuous-blade, architectural appearance with the performance of a wind-driven rain-resistant louver.
The louver’s architectural mullion is recessed, notched in the blade, and utilizes drain pockets that allow water to drain away while contributing to an appearance of one continuous louver.